By: Bradley C. Smith
Distinct candles saw the EUR/USD dive, yet with no news to cement the intentions of those candles, the pair remains neutral and quite at home on a the range bound chart. Each technical indicator seeks to send this pair up on the chart yet the trend is powerful still and there is still no heavy news releases today to aid the technicals' machinations.
The three hour chart lets us see closer how his pair has been bouncing off of this week's open. It is unlikely to go higher than that today. The fast favoring of the Dollar that market mover's displayed at the UK session's open, should give a clue about the direction any open trades should favor today. They have enough money to move the market, how about you?
EUR/USD, Found To Favor The Dollar
DailyForex.com